Tennant Company Sets New Science-Based Greenhouse Gas Reduction Targets as Part of the Science Based Targets Initiative

MINNEAPOLIS–(BUSINESS WIRE)–Tennant Company (“Tennant”) (NYSE: TNC), a world leader in designing,
manufacturing and marketing cleaning products and solutions for
maintaining surfaces in industrial, commercial and outdoor environments,
today announces new greenhouse gas (GHG) emission reduction targets in
line with climate science as part of the Science Based Targets
initiative (SBTi).

Tennant Company joins more than 100 of the world’s largest companies who
have set science-based targets. SBTi helps companies determine a pathway
for reducing their emissions in line with the Paris Agreement’s goal of
limiting global warming to well below 2 degrees Celsius above
pre-industrial levels.

Key elements of Tennant Company’s new targets include:

• reduce absolute scope 1 and 2 emissions 25% by 2030 from a 2016 base
  year
• reduce scope 3 use of sold products emissions 50% per U.S. dollar of
  equipment revenue by 2030 from a 2016 base year

Scope 1 emissions are directly created by a company’s facilities or use
of vehicles. Scope 2 emissions are created from purchased electricity,
steam, heating and cooling.

Scope 3 emissions include those that result from the use of Tennant
products by our customers. The use of sold products category accounts
for a substantial portion of Tennant Company’s total GHG footprint.
According to Tennant Company’s Director of Sustainable Enterprise Pete
Swenson, “An ambitious use of sold products target is critical to
driving technology and product innovation. By reducing the environmental
impact of our products, we help customers reduce their environmental
footprints. Eco-advantaged products like ec-H2O NanoClean®,
IRIS® and Orbio® have been major contributors to
long-term business growth and profitability, proving that sustainability
creates customer and shareholder value.”

According to Tennant Company’s President and CEO Chris Killingstad,
“Tennant Company has long held a commitment to operating our business as
a Sustainable Enterprise and delivering sustainable solutions to our
customers. By leveraging the efforts and support of SBTi to set new and
ambitious targets, we continue our endeavor to reduce GHG emissions and
help advance the transition to a low-carbon economy.”

Cynthia Cummis, Deputy Director of GHG Protocol at World Resources
Institute, one of the Science Based Targets initiative partners, added:
“We congratulate Tennant Company for setting a science-based target,
aligning their business strategy with the Paris Agreement. It’s
particularly encouraging to see them incorporating the use of their
products into their climate strategy, helping customers to reduce
emissions in their businesses. This illustrates how powerful global
companies like Tennant Company can be in leading the low-carbon
transition.”

To see a world map of companies with approved science-based targets,
please visit: www.sciencebasedtargets.org/approved-targets-map.

Tennant Company Profile
Founded
in 1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota,
is a world leader in designing, manufacturing and marketing solutions
that empower customers to achieve quality cleaning performance, reduce
their environmental impact and help create a cleaner, safer, healthier
world. Its products include equipment for maintaining surfaces in
industrial, commercial and outdoor environments; detergent-free and
other sustainable cleaning technologies; cleaning tools and supplies;
and coatings for protecting, repairing and upgrading surfaces. Tennant's
global field service network is the most extensive in the industry.
Tennant Company had sales of $1.0 billion in 2017 and has approximately
4,300 employees. Tennant has manufacturing operations throughout the
world; and sells products directly in 15 countries and through
distributors in more than 100 countries. For more information, visit www.tennantco.com
and www.ipcworldwide.com.
The Tennant Company logo and other trademarks designated with the symbol
“®” are trademarks of Tennant Company registered in the United States
and/or other countries.

Contacts

Tennant Company
Investor Contact:
Tom Paulson,
763-540-1204
Senior Vice President and Chief Financial Officer
[email protected]
or
Media
Contact:
Kathryn Lovik, 763-540-1212
Global Communications
Director
[email protected]